Jefferies Financial Group Inc. Invests $628,000 in NWPX Infrastructure, Inc. $NWPX

Jefferies Financial Group Inc. acquired a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 12,795 shares of the industrial products company’s stock, valued at approximately $628,000.

Other institutional investors have also recently made changes to their positions in the company. Wexford Capital LP acquired a new stake in NWPX Infrastructure in the third quarter worth about $29,000. Simplex Trading LLC boosted its stake in NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 320 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in NWPX Infrastructure in the 2nd quarter worth approximately $41,000. State of Wyoming purchased a new stake in NWPX Infrastructure during the 2nd quarter worth approximately $60,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in NWPX Infrastructure during the 4th quarter worth approximately $71,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NWPX. Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Trading Down 1.9%

Shares of NASDAQ:NWPX opened at $109.92 on Tuesday. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.88 and a beta of 1.09. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $127.42 and a 200-day moving average price of $105.91.

NWPX Infrastructure (NASDAQ:NWPX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. The firm had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Equities analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Insider Buying and Selling at NWPX Infrastructure

In other news, CEO Scott J. Montross sold 2,500 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $118.74, for a total value of $296,850.00. Following the sale, the chief executive officer directly owned 76,129 shares of the company’s stock, valued at $9,039,557.46. This represents a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Wray sold 4,500 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $110.94, for a total transaction of $499,230.00. Following the transaction, the executive vice president directly owned 23,886 shares of the company’s stock, valued at approximately $2,649,912.84. This trade represents a 15.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 13,678 shares of company stock valued at $1,601,640. 3.30% of the stock is owned by corporate insiders.

NWPX Infrastructure Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.